 Excel Accounting Practice Problem. Cash payment for inventory linked to purchase order or PO. Get ready because we're going to Excel. Here we are in our Excel worksheet. In prior presentations we set up the Excel worksheet from a blank sheet continuing to enter transactions into it at this point in time. If you have access to it there's going to be two tabs on down below. We got the example tab, the practice tab, practice tab starting out where we left off last time. Example tab then being the answer key. Let's take a look at the example tab now. In prior presentations we started off our new business purse first investing in it from the owner increasing cash with an owner investment then a loan increasing cash with a loan then we took that money invested in furniture and equipment and also took some of it and put it into a short-term investment. Now we're going to say that we are receiving then the inventory or